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Author Question: Which of the following is a correct statement regarding analytical procedures? (Read 13 times)

cyc028

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on: Aug 21, 2022
Which of the following is a correct statement regarding analytical procedures?
◦ If an auditor identifies a possible misstatement in sales using analytical procedures, accounts payable will be the likely offsetting misstatement.
◦ Auditors should also compare the results of their analytical procedures to budgets and industry trends.
◦ If sales are overstated, the income statement will be incorrect, but the balance sheet will be correct.
◦ If an analytical procedure uncovers an unusual fluctuation, the auditor must assume fraud is involved.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by cyc028 on Aug 21, 2022

Khareemom14

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cyc028

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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